U-Haul plans to expand operations in the city of Riverside by investing at least $2 million into a property adjacent to its existing location on Linden Avenue.
The company is purchasing the 30,658-square-foot building at 4515 Linden Ave., with the closing expected to take place July 1, according to Mark Quinn, marketing president for the U-Haul Company of Dayton.
Quinn said the project will cost between $2 million and $3 million.
Riverside City Council could vote as soon as July 2 on U-Haul’s request to rezone the property, said Brock Taylor, the city’s director of planning and program management. A public hearing also would be held that same night.
The property is currently zoned B-1 for general business, and the city is creating an overlay district to allow additional uses such as internal storage, Taylor said. The city’s planning commission approved it June 15.
U-Haul will open a full-service storage facility with climate control and a U-Box warehouse, which is portable storage and storage for those boxes, Quinn said. The company will add a couple more employees, he said.
Improvements to the property include repaving the parking lot, renovating the interior, lighting, landscaping, painting and adding sidewalks.
“Having them continue investing in the city is a great indicator of growth,” Taylor said.
The building at 4515 Linden Ave. currently is 10 to 15 percent occupied, with a barbershop and Cedarland Bakery & Restaurant, said Bob Murray, Riverside’s director of economic development.
Murray said U-Haul’s plans indicate it will utilize the entire building, but that is the company’s conception at this point. City officials said they would help the businesses find new locations if necessary.
Quinn said he’d like to “keep them around as long as possible,” and it will depend on if U-Haul needs that space for its build-out.
“We’re glad to be part of the community in Riverside and provide a service to the community as far as a place to store their belongings in a climatized area,” Quinn said. “Instead of tearing a building down and starting from scratch, we like to reuse buildings that help with going green.”
When U-Haul’s expansion will be complete is unclear at this time. Its existing location is at 4565 Linden Ave., and the two properties will be connected, Quinn said.
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